Hang Seng Bank (OTCMKTS:HSNGY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Hang Seng Bank Limited (OTCMKTS:HSNGYGet Free Report)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.99 and traded as high as $14.10. Hang Seng Bank shares last traded at $13.91, with a volume of 17,883 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Hang Seng Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 19th.

Check Out Our Latest Research Report on HSNGY

Hang Seng Bank Trading Down 0.7 %

The firm’s fifty day moving average price is $13.03 and its 200-day moving average price is $12.44.

Hang Seng Bank Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4115 per share. This is an increase from Hang Seng Bank’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 5th.

Hang Seng Bank Company Profile

(Get Free Report)

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.

Further Reading

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